Investor Decreases Stake in Hibbett, by 17.2%
April 14, 2023
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It offers a broad range of sporting goods products, including athletic-inspired footwear and apparel, fan gear, and fitness equipment. Recently, Inspire Investing LLC filed their 13F filing with the Securities and Exchange Commission (SEC) which revealed that their position in Hibbett ($NASDAQ:HIBB), Inc. shares had been reduced by 17.2%. This is a significant decrease from their previous stake in the company and could indicate a shift in the company’s future performance.
The decrease in Inspire Investing LLC’s stake in Hibbett, Inc. has left investors uncertain as to how the company will react in the coming months. While the decrease could be seen as a negative sign, it could also mean that the company is headed in a positive direction and may present an opportunity for investors to get in early on potential growth and increased returns.
Stock Price
On Wednesday, it was reported that an investor had decreased their stake in Hibbett, Inc. by 17.2%. As a result, the stock opened at $63.5 and closed at $61.6, 2.2% lower than its previous closing price of 63.0. This significant decrease in an investor’s stake could be seen as an indication of an uncertain future for the company. Investors may be wary of the company’s ability to succeed in a competitive market or concerned about their profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hibbett. More…
| Total Revenues | Net Income | Net Margin |
| 1.71k | 128.06 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hibbett. More…
| Operations | Investing | Financing |
| 99.9 | -70.16 | -281.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hibbett. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 939.16 | 562.93 | 26.63 |
Key Ratios Snapshot
Some of the financial key ratios for Hibbett are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | 67.1% | 9.9% |
| FCF Margin | ROE | ROA |
| 1.5% | 31.2% | 11.2% |
Analysis
At GoodWhale, we have conducted an analysis of HIBBETT’s fundamentals and overall risk. Our Risk Rating has determined that HIBBETT is a medium risk investment in terms of financial and business aspects. We have also detected 1 risk warning in the company’s balance sheet. If you are considering investing in HIBBETT, we highly recommend you sign up with us to check out the details of this risk warning and to learn more about our Risk Rating system. Hibbett_by_17.2″>More…
Peers
The company’s main competitors are C’sMEN Co Ltd, Shimamura Co Ltd, and Konaka Co Ltd.
– C’sMEN Co Ltd ($TSE:3083)
Singing River Health System is a non-profit, community-owned health system located in Jackson County, Mississippi. The health system includes Singing River Hospital, George E. Weems Memorial Hospital, Ocean Springs Hospital, and a number of other healthcare facilities. The system has a total of 2,000 employees and provides care for patients in Mississippi, Alabama, and Louisiana.
– Shimamura Co Ltd ($TSE:8227)
Shimamura Co Ltd is a Japanese company that operates a chain of discount stores. As of 2022, the company had a market capitalization of 449.84 billion yen and a return on equity of 7.86%. The company was founded in 1954 and is headquartered in Tokyo, Japan.
– Konaka Co Ltd ($TSE:7494)
Konaka Co Ltd is a Japanese electronics company with a market cap of 9.67B as of 2022. The company has a Return on Equity of 0.49%. Konaka is primarily engaged in the manufacture and sale of electronic equipment, including semiconductor production equipment, electronic measuring instruments, and electronic control devices. The company also offers services related to the design, development, and maintenance of electronic equipment.
Summary
Hibbett, Inc. has seen its stock performance affected by investment decisions made by Inspire Investing LLC. In the fourth quarter, Inspire Investing LLC lowered its position in Hibbett, Inc. by 17.2%. This has caused the stock to dip and investors to take a closer look at the company’s performance. Analysts have taken note of the investment decisions and conducted research to determine the potential impact on the stock price.
In addition, investors have examined the financials of the company to assess the impact of the investment decision on the company’s overall outlook. Such analysis has been used to gauge investor sentiment and inform further investment decisions.
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